OpenEnvoy
p/open-envoy
SaaS FinTech - Eliminate AP fraud and increase cash flow
Courtney James
Approval Policies — A powerful, user-friendly way to ensure OK-to-Pay compliance
1
A more direct and efficient method of managing AP team expense approvals and spend controls.

The new Approval Policies feature in OpenEnvoy combines our Approval Chains and Threshold Management solutions to create dynamic approval structures.
Replies
Courtney James
Streamlined workflows are paramount to unlocking efficiency and strengthening controls for AP team members. This new product update allows teams to experience a more integrated way of handling approvals. What finance teams can expect with OpenEnvoy’s Approval Policies: - Insert as many approvers as required into approval workflows. - Set value or amount thresholds by approver to create dynamic approval structures. - Quickly set up approval policies and easily update approvers, thresholds, and amounts as business needs evolve. The benefits of Approval Policies for finance teams: - Finance leaders can efficiently streamline approvals and strengthen amount management. - Ensure compliance by setting up required cost controls via thresholds and approvers for those cost centers. - Granular controls over expense approvals and enhanced visibility throughout the approval process.